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The latest announcement is out from Ashtead ( (GB:AHT) ).
Ashtead Group plc has executed a share repurchase transaction, acquiring 77,790 of its ordinary shares at an average price of 5,429 pence per share as part of its $1.5 billion share buyback program. This transaction, facilitated by Barclays Bank PLC, adjusts the total number of shares in circulation to 424,098,565, impacting shareholder calculations under the Disclosure and Transparency Rules.
The most recent analyst rating on (GB:AHT) stock is a Buy with a £6079.00 price target. To see the full list of analyst forecasts on Ashtead stock, see the GB:AHT Stock Forecast page.
Spark’s Take on GB:AHT Stock
According to Spark, TipRanks’ AI Analyst, GB:AHT is a Outperform.
Ashtead’s overall stock score is driven by strong financial performance and positive earnings call guidance, despite some challenges in revenue growth and leverage. Technical indicators suggest bullish momentum but caution due to overbought signals. Valuation is fair, with a moderate P/E ratio and modest dividend yield.
To see Spark’s full report on GB:AHT stock, click here.
More about Ashtead
Ashtead Group plc operates in the equipment rental industry, providing a range of equipment and services primarily to the construction and industrial sectors. The company focuses on offering high-quality rental solutions to its clients across various markets.
Average Trading Volume: 819,339
Technical Sentiment Signal: Strong Buy
Current Market Cap: £23.07B
Learn more about AHT stock on TipRanks’ Stock Analysis page.